PENNSYLVANIA PUBLIC UTILITY COMMISSION BUREAU OF FIXED UTILITY SERVICES REPORT ON THE QUARTERLY EARNINGS OF JURISDICTIONAL UTILITIES
|
|
- Irene Waters
- 5 years ago
- Views:
Transcription
1 PENNSYLVANIA PUBLIC UTILITY COMMISSION Public Meeting held March 17,2011 Docket Number: - M BUREAU OF FIXED UTILITY SERVICES REPORT ON THE QUARTERLY EARNINGS OF JURISDICTIONAL UTILITIES FOR THE PERIOD ENDED September 30, 2010
2 D*I*S*C*L*A*I*M*E*R This report does not represent the views of the Pennsylvania Public Utility Commission or of any individual Commissioner or Commissioners. Selection of the information contained in this report was based solely upon the judgment made by staff of the Bureau of Fixed Utility Services. The calculation of market-derived returns on equity and the presentation of utility earnings data and related adjustments represent only the Bureau s interpretation of available data, and the Bureau makes no recommendation with regard to the use of the data.
3 TABLE OF CONTENTS Page No. Introduction... 4 PPL Electric Utilities Corporation, Columbia Gas of Pennsylvania, Inc., PECO Energy -Gas, PECO Energy - Electric, T.W. Phillips Gas and Oil Company, York Water Company, Duquesne Light Company and Peoples Natural Gas had pending rate filings during the 3rd Quarter of 2010 at Docket Nos. R , R , R , R , R , R , R , R and Docket R , respectively, and filed letters with the Secretary in place of reports in accordance with 52 Pa. Code Attachment A Summary of Equity Returns 5 Attachment B Summary of Returns... 9 This chart depicts the overall and equity returns (actual and adjusted) for the filing utilities for the current quarter. The last authorized equity return and the year authorized is also shown. Attachment C Allowed Rates of Return on Common Equity This is a historical chart that shows the most recent fully litigated rate cases for select companies in electric, gas, and water. A docket number followed by their final return on equity and year is also given. Attachment D Market Based Returns on Equity Electric The market indicated common equity cost rate range consists of data used from the electric barometer groups and is based on a series of calculations to average the DCF and CAPM methods. This attachment also includes the Smart Meter Barometer Group Return. Attachment D Common Equity Ratios of Electric Barometer Companies 15 The Common Equity Ratios of Electric Utility Barometer Companies table depicts each company s common equity ratio. The range of reasonable equity ratios consists of the lowest and highest common equity ratio in the quarter for the barometer group companies. Attachment D Capital Structure and Cost of Debt and Preferred Stock 16 The Capital Structure and Cost of Debt and Preferred Stock table is taken from the Schedule E and Schedule F of each Pennsylvania electric company s quarterly earnings report. Attachment D Market Based Returns on Equity Gas The market indicated common equity cost rate range consists of data used from the gas barometer groups and is based on a series of calculations to average the DCF and CAPM methods. Attachment D Market Based Returns on Equity Water The market indicated common equity cost rate range consists of data used from the water barometer groups and is based on a series of calculations to average the DCF and CAPM methods. Also indicates Distribution System Improvement Charge Return. Attachment E Water Barometer Group Calculation of a Current and 52 Week Average Dividend Yield Barometer water companies are used to calculate a current DCF in the first chart. The second chart demonstrates the companies 52 week average DCF. A final average of the two calculations is also shown at the bottom. Attachment F Development of a Representative Dividend Growth Rate Multiple sources of the Barometer water companies projected 5 year Earnings Per Share are used to calculate the Group Average Dividend Growth Estimate. 3
4 Attachment G Water Company Barometer Group Capital Asset Pricing Model The Capital Asset Pricing Model takes into account the selected water company barometer group to measure its market risk. The 3 factors used to calculate this risk are the industry beta average, expected average return and the expected return on a risk-free asset (T-Bills and T-Notes). 4
5 Introduction: On September 20, 1991, the Commission initiated a rulemaking at L pertaining to earnings disclosures by the public utilities subject to its jurisdiction. At that docket, the Commission stated that the submission of accurate, reliable and complete earnings disclosure reports, at regular intervals, is essential to the fulfillment of the broad regulatory oversight responsibilities entrusted to the Commission by the Legislature in the Public Utility Code. The earnings disclosure regulations promulgated by the Commission were adopted October 1, 1992, and published January 23, 1993 at, 23 Pa.B 463. Based upon those regulations, codified at 52 Pa. Code, Chapter 71, a reporting format was developed and distributed to the jurisdictional fixed utilities of Pennsylvania. All fixed utilities having jurisdictional revenues of $1,000,000 or more, for a calendar year, are required to file the report by March 31 of each year. Such reports are to be based upon the results of operations for the 12-month period ending December 31 of the prior year. Utilities having more than $10,000,000 in jurisdictional revenues are also required to file reports for the 12 months ending on March 31, June 30, and September 30 of each year. On November 30, 2004, however, the Pennsylvania General Assembly signed into law Act 183 concerning alternative telecommunications regulation and broadband deployment. As a result of Act 183, the reporting requirements for the PUC jurisdictional telecommunications companies of Pennsylvania have been streamlined at 3015 (e) of the Public Utility Code. A quarterly earnings report is not listed among those reports now required of PUC jurisdictional telecommunications utilities in Pennsylvania and, therefore, this report does not address telephone company earnings. The reports have been filed for the period ended September 30, The Finance/Tariff Staff of the Bureau of Fixed Utility Services has reviewed the reports and has prepared this summary report for public release. This Report sets forth the achieved return on equity for each company, the last allowed return for that utility, a market return as determined through the analysis of the barometer group data and the most recent returns allowed, per industry, by the Pennsylvania Public Utility Commission and by other regulatory bodies. Where a utility has not filed a report, the reasons for not filing are indicated. Questions pertaining to the preparation and contents of this Report should be directed to Mr. Dale Kirkwood, Manager - Finance and Tariffs, Bureau of Fixed Utility Services, at (717) PPL Electric Utilities Corporation, Columbia Gas of Pennsylvania, Inc., PECO Energy -Gas, PECO Energy - Electric, T.W. Phillips Gas and Oil Company, York Water Company, Duquesne Light Company and Peoples Natural Gas had pending rate filings during the 3rd Quarter of 2010 at Docket Nos. R , R , R , R , R , R , R , R and Docket R , respectively, and filed letters with the Secretary in place of reports in accordance with 52 Pa. Code
6 Attachment A The equity return summaries that follow in Attachment A are, for each quarter; ACTUAL 1. Based on actual results of operations and ADJUSTED 2. Based on company proposed pro forma and ratemaking adjustments 6
7 Attachment A ELECTRIC UTILITIES - EIGHT MAJORS EQUITY RETURNS BY QUARTER QTR END Peco PPL Duq W Penn PaPwr UGI Penelec MetEd ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ
8 Attachment A GAS UTILITIES EIGHT MAJORS EQUITY RETURNS BY QUARTER QTR Columbia Peoples PECO UGI Equitable NFG UGI Penn TW Phillips END ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ ACT ADJ
9 WATER UTILITIES FOUR MAJORS EQUITY RETURNS BY QUARTER Attachment A QTR PAWC AQUA United York END ACT ADJ ACT ADJ ACT ADJ ACT ADJ
10 Attachment B Attachment B includes: A. Overall Returns on rate base 1. Actual 2. Company proposed pro forma and ratemaking adjustments and B. Equity Returns 1. Actual 2. Company proposed pro forma and ratemaking adjustments 10
11 ELECTRIC Summary of Returns for the Year Ended September 30, 2010 OVERALL RETURN EQUITY RETURN ROE YEAR COMPANY NAME ACTUAL ADJSTE ACTUAL ADJSTED AUTHIZD ATHIZD $10,000,000 Revenues PECO Energy * PPL Electric Utilities Corp.* Duquesne Light Company* Settled 2007 West Penn Power Company Pennsylvania Power Company ** UGI Utilities, Inc Pennsylvania Electric Company Metropolitan Edison Company Attachment B 1 of 2 GAS $10,000,000 Revenues Columbia Gas of Penna. Inc.* Settled 2008 Peoples Natl Gas Co. (Dominion)* Settled 1995 PECO Energy* Settled 1988 UGI Utilities, Inc.** ** Settled 1995 Equitable Gas Company Settled 1991 National Fuel Gas Distribution Co ** Settled 2006 UGI Penn Natural Gas, Inc Settled 2007 T.W. Phillips Gas & Oil Company* Settled 2006 UGI Central Penn Gas WATER 10,000,000 Revenues Penna American Water Company Settled 2008 AQUA Pennsylvania York Water Company* Settled 2008 United Water Penna. Inc Settled 2009 * PPL Electric Utilities Corporation, Columbia Gas of Pennsylvania, Inc., PECO Energy -Gas, PECO Energy - Electric, T.W. Phillips Gas and Oil Company, York Water Company, Duquesne Light Company and Peoples Natural Gas had pending rate filings during the 3rd Quarter of 2010 at Docket Nos. R , R , R , R , R , R , R , R and Docket R , respectively, and filed letters with the Secretary in place of reports in accordance with 52 Pa. Code **at September 30, 2010, Pennsylvania Power Company s actual equity return of 12.19% was adjusted by the company to 10.23%. UGI Utilities Inc. s actual return of 14.84% was adjusted by the company to 11.79%. National Fuel Gas Distribution Company s actual return of 18.19% was adjusted by the company to 10.99%. These adjustment details are shown on page 2 of 2 of Attachment B. 11
12 Pennsylvania Power Company Attachment B 2 of 2 UGI Utilities Inc. - Gas National Fuel Gas Distribution Corporation Return of equity adjusted from 12.19% to 10.23% based on a $5,322,000 company adjustment to pension expense. Return on equity adjusted from 14.84% to 11.79% based on the following company adjustments to actual results of operations. 1. ($16,600,000) Sales Annualization 2. $499,000 Payroll Annualization Return on equity adjusted from 18.19% to 10.99% based on the following company adjustments to actual results of operations 1. $4,360,000 Operating Revenue for Weather Normalization 2. $10,563,000 Operating and Maintenance Expense for Weather Normalization 12
13 Attachment C ALLOWED RATES OF RETURN ON COMMON EQUITY This is a historical chart that shows the most recent fully litigated rate cases for select companies in electric, gas, and water. A docket number followed by their final return on equity and year is also given. ELECTRIC Docket Number ROE (%) Year Recent PA PUC Allowed PPL Electric Utilities Corp. - R PECO Energy Company - R West Penn Power Company - R UGI - Electric - R Pennsylvania Electric Company - R Metropolitan Edison Company - R GAS Current Market Indicated ROE as calculated by the Bureau of Fixed Utility Services. Recent PA PUC Allowed Columbia Gas of Pa. - R Settled 2008 UGI Utilities, Inc. Gas - R Settled 1995 Dominion Peoples - R Settled 1995 UGI Central Penn Gas - R PECO Energy - R Settled 2008 WATER Current Market Indicated ROE as calculated by the Bureau of Fixed Utility Services. Recent PA PUC Allowed Aqua Pennsylvania -R Penna American Water Co. -R Settled 2008 Current Market Indicated ROE as calculated by the Bureau of Fixed Utility Services. 13
14 Attachment D The market indicated common equity cost rate range consists of data used from the barometer groups and is based on a series of calculations to average the DCF and CAPM methods. Market Based Returns on Common Equity (1) December 21, 2010 Electric Company Barometer Group (1) Current DCF 9.20 (2) 52-Week Average DCF 9.53 (3) Overall DCF (1) + (2) / (4) CAPM (T-Bills) 5.88 (5) CAPM (T-Notes) 6.22 (6) Overall CAPM (4) + (5) / (7) Overall Cost Rate (3) + (6) / (8) Market Indicated Common Equity Cost Rate Range 3/4th standard deviation around the mean.* (9) Smart Meter Barometer Group Return 9.50 % Barometer Group Companies Central Vt. Public Service Consolidated Edison Northeast Utilities NSTAR Pepco Holdings CH Energy UIL Holdings (1) As calculated by the Bureau of Fixed Utility Services *Standard Deviation of 28 DCF and CAPM observations 14
15 Attachment D The Common Equity Ratios of Electric Utility Barometer Companies table depicts each company s quarterly common equity ratio. The range of Reasonable Equity Ratios consists of the lowest and highest common equity ratio for the barometer group companies. Common Equity Ratios of Electric Utility Barometer Companies (2) Company 2010 Common Equity Ratio (1) 1 CH Energy Group 51.00% 2 Central Vt. Public Service 58.00% 3 Consolidated Edison 51.50% 4 Northeast Utilities 43.00% 5 NSTAR 51.50% 6 PEPCO Holdings, Inc % 7 UIL Holdings 40.00% 8 Average 50.14% 9 Range of Reasonable Equity Ratios (40.00% %) Notes: 1. Source: Value Line Investment Survey, Dec. 21, The common equity ratios reported by Value Line exclude short-term debt and current maturities of long-term debt. 15
16 Attachment D The Capital Structure and Cost of Debt and Preferred Stock table shows the Schedule E and Schedule F of each company s quarterly earnings report. Capital Structure and Cost of Debt and Preferred Stock for Pennsylvania Electrics - Twelve months ended September 30, ) PPL Electric* Duquesne Light* UGI Utilities West Penn PECO Electric* Metropolitan Edison PA Electric PA Power Company Inc. Power Co. Company Company Company Schedule E Total Debt 51.72% 25.32% 48.35% 46.31% 45.71% 40.07% 53.57% 31.62% Total Preferred & Preference Stock 10.01% 6.70% 0.00% 0.00% 1.64% 0.00% 0.00% 0.00% Total Common Equity 38.27% 67.97% 51.65% 53.69% 52.65% 59.93% 46.43% 68.38% Schedule F Cost of Debt 6.34% 7.29% 2.98% 6.20% 5.82% 5.97% 5.69% 6.49% Cost of Preferred Stock 6.23% 5.89% 0.00% 0.00% 4.74% 0.00% 0.00% 0.00% *Q figures due to pending rate filing during Q ) Source: Company supplied quarterly earnings report, Schedules E & F 16
17 Attachment D The market indicated common equity cost rate range consists of data used from the barometer groups and is based on a series of calculations to average the DCF and CAPM methods. Market Based Returns on Common Equity (1) December 21, 2010 Gas Distribution Company Barometer Group (1) Current DCF 9.47 (2) 52-Week Average DCF 9.63 (3) Overall DCF (1) + (2) / (4) CAPM (T-Bills) 5.81 (5) CAPM (T-Notes) 6.29 (6) Overall CAPM (4) + (5) / (7) Overall Cost Rate (3) + (6) / (8) Market Indicated Common Equity Cost Rate Range % Barometer Group Companies AGL Resources, Inc. New Jersey Resources Northwest Natural Gas Company Piedmont Natural Gas Company South Jersey Industries WGL Holdings (1) As calculated by the Bureau of Fixed Utility Services 17
18 Attachment D The market indicated common equity cost rate range consists of data used from the barometer groups and is based on a series of calculations to average the DCF and CAPM methods Market Based Returns on Common Equity ¹ December 21, 2010 Water Company Barometer Group Cost Rates (1) Current DCF 9.43 (2) 52-Week Average DCF 9.53 (3) Average DCF 9.48 (4) CAPM (T-Bills) 5.88 (5) CAPM (T-Notes) 6.22 (6) Average CAPM (4) + (5) / (7) Average Common Equity Cost Rate (3) + (6) / (8) Market Indicated Common Equity Cost Rate Range 3/4th standard deviation around the mean.* (9) Distribution System Improvement Charge Return 9.50 Barometer Group Companies American States Water Co Aqua America, Inc. Artesian Resources California Water Service Group Middlesex Water Company The York Water Company ¹ As calculated by the Bureau of Fixed Utility Services *Standard Deviation of 28 DCF and CAPM observations Any questions concerning the DSIC should be directed to Andrew Herster of the Bureau of Fixed Utility Services at (717) % 18
19 Attachment E Barometer water companies are used to calculate a current DCF in the first chart. The second chart demonstrates the companies 52 week average DCF. A final average of the two calculations is also shown at the bottom. Water Company Barometer Group Calculation of a Current Dividend Yield Closing Latest Ind. Div. Market Indicated Plus 1/2 Current Price (Po) Dividend Growth Dividend 12/21/2010 Do Rate (D1) Yield(D1/Po) Growth DCF ($) ($) ($) (%) (%) (%) American States Water Company Artesian Resources Middlesex Water Company California Water Service Group The York Water Company Aqua America, Inc Group Average D1/Po Group Average G 6.00 DCF week Average Dividend Yield Calculation Latest Average Indicated Dividend High Low Average (Pa) Dividend (Do) Yield (Do/Pa) Growth DCF ($) ($) ($) ($) (%) (%) (%) American States Water Company Artesian Resources Middlesex Water Company California Water Service Group The York Water Company Aqua America, Inc Group Average Do / Pa Group Average G 6.00 DCF 9.53 Average of Current and 52-Week
20 Attachment F Multiple sources of the Barometer companies projected 5 year Earnings Per Share are used to calculate the Group Average Dividend Growth Estimate. Development of a Representative Dividend Growth Rate for the Barometer Group of Water Companies 5 Yr Forecast 1 Avg Dividends Value Line Value Line Zack's Morningstar Reuters and Earnings Dividend Growth DPS EPS EPS EPS EPS Growth Estimate (%) (%) (%) (%) (%) (%) (%) American States Water Company Artesian Resources Middlesex Water Company California Water Service Group The York Water Company Aqua America, Inc Group Average USE 6.00 Sources: Reuters, December 21, 2010 ( Value Line Investment Survey, December 21, 2010 Yahoo, December 21, 2010 ( Zacks, December 21, 2010 ( 20
21 Attachment G Water Company Barometer Group Capital Asset Pricing Model (CAPM ) Development of a Risk Free Rate Actual Yields 3 Month 5 Year Quarter Year T-Bills T-Notes (%) (%) Average Risk Premium T_Bill T-Note Water Indivdl Individl BETA Companies Company Company 0.80 American St AWR Artesian Res. ARTNA Middlesex MSEX California WC CWT Aqua America WTR York Water YORW AVERAGE Forecasted Yields (%) (%) 3 Month 5 Year Quarter Year T-Bills T-Notes Average Overall Avg K Rf B ( Km-Rf )* * SBBI Yearbook, 2010 Blue Chip Fin Forecast, January 2011 Value Line Investment Survey 21
PA PUC BCS Quarters Page 1 of 18
Quarterly Update to UCARE Report January September 2013 PA PUC BCS Quarters 1-3 2013 Page 1 of 18 Introduction The quarterly update to the annual UCARE presents data on customer service performance for
More informationPA PUC BCS Quarter Page 1 of 18
Quarterly Update to UCARE Report January March 2009 PA PUC BCS Quarter 1 2009 Page 1 of 18 Introduction The quarterly update to the annual UCARE presents data on customer service performance for jurisdictional
More information*-Global Water Resources has been paying dividends only since the seecond quarter of 2016.
Comparison Group Value Line Water Utilities January 12, 2018 Edition Exhibit MFG-5 Company Ticker Exchange where Publicly Traded U.S. Based Record of Paying Dividend Value Line EPS Estimate (Positive)
More informationPA PUC BCS Quarters Page 1 of 18
Quarterly Update to UCARE Report January December 2010 PA PUC BCS Quarters 1-4 2010 Page 1 of 18 Introduction The quarterly update to the annual UCARE presents data on customer service performance for
More informationPA PUC BCS Quarters Page 1 of 18
Quarterly Update to UCARE Report January September 2010 PA PUC BCS Quarters 1-3 2010 Page 1 of 18 Introduction The quarterly update to the annual UCARE presents data on customer service performance for
More informationExpert Testimony Appearances of Richard A. Baudino As of October States, Inc.
Attachment A Page 9 of 14 Expert Testimony Appearances of Richard A. Baudino As of October 2012 Date Case Jurisdict. Party Utility Subject 11/00 R-00005277 PA Penn Fuel PFG Gas, Inc. and Cost allocation
More informationEnclosed please find Duquesne Light Company s Comments in the above-referenced proceeding.
800 North Third Street Suite 203 Harrisburg, PA 17102 Tel (412) 393-6231 Fax (717) 525-7460 Shelby A. Linton-Keddie Manager, State Regulatory Strategy and Senior Legal Counsel slinton-keddie@duqlight.com
More informationUniverse of Natural Gas Utilities From Value Line Issue 3 June 1
Universe of Natural Gas Utilities From Issue 3 June 1 SourceGas LLC (Issued Bonds) BBB+ AUS Utility Report TICKER % REG Gas Rev June S&P Bond Rating AGL RESOURCES AGL 63 A ATMOS ENERGY CORP ATO 61 BBB+
More informationPaPUC s Experience with Deregulated Markets:
PaPUC s Experience with Deregulated Markets: Provider of Last Resort Regulated Generation Supply Service in a Competitive Marketplace April 20, 2006 Kimberly A. Joyce, Esquire Pennsylvania PUC P.O. Box
More informationR O B E R T D. K N E C H T
R O B E R T D. K N E C H T Robert D. Knecht specializes in the practical application of economics, finance and management theory to issues facing public and private sector clients. Mr. Knecht has more
More informationRemarks of Donna M.J. Clark Vice President and General Counsel Energy Association of Pennsylvania November 1, 2011
Informational Committee Meeting on Chapter 14 Before the Consumer Affairs Committee Pennsylvania House of Representatives Remarks of Donna M.J. Clark Vice President and General Counsel Energy Association
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION. PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY DOCKET NO.
PECO ENERGY COMPANY STATEMENT NO. -R BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY DOCKET NO. R-01-0001 REBUTTAL TESTIMONY WITNESS: BENJAMIN
More informationPENNSYLVANIA ELECTRIC COMPANY. Pennsylvania Electric Company Statement of Reasons for Rate Changes
Page 1 of 6 PENNSYLVANIA ELECTRIC COMPANY FILING REQUIREMENT I-A-1: Provide a summary discussion of the rate change request, including specific reasons for each increase or decrease. Also provide a breakdown
More informationPage 1 of 3 DIVIDEND YIELD. Company Price Dividends Yield. Average 4.3% (a) (b)
DCF MODEL - UTILITY GROUP DIVIDEND YIELD Exhibit WEA-2 Page 1 of 3 Company Price Dividends Yield 1 ALLETE $ 41.65 $ 1.87 4.5% 2 Alliant Energy $ 44.24 $ 1.85 4.2% 3 Ameren Corp. $ 32.75 $ 1.64 5.0% 4 American
More informationFISCAL YEAR
P E N N S Y L V A N I A O F F I C E O F C O N S U M E R A D V O C A T E ANNUAL REPORT FISCAL YEAR 2016-2017 T A N Y A J. M C C L O S K E Y A C T I N G C O N S U M E R A D V O C A T E 5 5 5 W A L N U T
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION METROPOLITAN EDISON COMPANY DOCKET NO. R Direct Testimony of Jeffrey L.
Met-Ed Statement No. 5 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION METROPOLITAN EDISON COMPANY DOCKET NO. R-2016-2537349 Direct Testimony of Jeffrey L. Adams List of Topics Addressed Cash Working
More informationPENNSYLVANIA PUBLIC UTILITY COMMISSION UNITED WATER PENNSYLVANIA, INC. Docket No. R Direct Testimony. Lisa A. Boyd
I&E Statement No. Witness: Lisa A. Boyd PENNSYLVANIA PUBLIC UTILITY COMMISSION v. UNITED WATER PENNSYLVANIA, INC. Docket No. R-01- Direct Testimony of Lisa A. Boyd Bureau of Investigation and Enforcement
More informationUtility Consumer Activities Report and Evaluation 2014
Utility Consumer Activities Report and Evaluation 2014 December 2015 Published by: Pennsylvania Public Utility Commission PO Box 3265 Harrisburg, PA 17105-3265 www.puc.pa.gov Bureau of Consumer Services
More informationDEFAULT SERVICE IN PENNSYLVANIA. David B. MacGregor, Esquire Anthony D. Kanagy, Esquire Post & Schell, P.C.
DEFAULT SERVICE IN PENNSYLVANIA David B. MacGregor, Esquire Anthony D. Kanagy, Esquire Post & Schell, P.C. Synopsis: This presentation provides an overview of default electric service in Pennsylvania beginning
More informationPENNSYLVANIA PUBLIC UTILITY COMMISSION. METROPOLITAN EDISON COMPANY Docket No. R PENNSYLVANIA ELECTRIC COMPANY Docket No.
Statement No. -SR Witness: Lisa A. Gumby PENNSYLVANIA PUBLIC UTILITY COMMISSION v. METROPOLITAN EDISON COMPANY Docket No. R-0- PENNSYLVANIA ELECTRIC COMPANY Docket No. R-0- PENNSYLVANIA POWER COMPANY Docket
More informationExelon Corporation NEUTRAL ZACKS CONSENSUS ESTIMATES (EXC-NYSE) SUMMARY
March 06, 2015 Exelon Corporation Current Recommendation Prior Recommendation NEUTRAL Underperform Date of Last Change 06/28/2009 Current Price (03/05/15) $32.97 Target Price $35.00 (EXC-NYSE) SUMMARY
More informationColumo1a Gas. fllt_~u ~~ Nicole Paloney. of pennsylvania. ROE Working Group, M Act 11 Final Implementation Order, M
Nicole Paloney Director Rates & Regulatory Affairs September 28, 2018 ~'(,: Columo1a Gas. of pennsylvania A NlSou~e Comp;~~ny Southpointe Industrial Park 121 Champion Way, Suite100 Canonsburg PA 15317
More informationAnnual Report of the Pennsylvania Office of Consumer Advocate
Annual Report of the Pennsylvania Office of Consumer Advocate Fiscal Year 2015-2016 Issued: November 2016 226338 Tanya J. McCloskey Acting Consumer Advocate 555 Walnut Street 5 th Floor, Forum Place Harrisburg,
More informationElectric Generation Supplier Contract Summary for Inspire Energy Holdings, LLC
Electric Generation Supplier Contract Summary for Inspire Energy Holdings, LLC Electric Generation Supplier Information Price Structure Generation / Supply Price Statement Regarding Savings Deposit Requirements
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION. PENNSYLVANIA POWER COMPANY Docket No. R Direct Testimony of Richard A.
Penn Power Statement No. 2 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA POWER COMPANY Docket No. R-2016-2537355 Direct Testimony of Richard A. D'Angelo List of Topics Addressed Accounting
More informationCreating a Leading National Water Utility:
Creating a Leading National Water Utility: Revised Merger Terms August 6, 2018 Safe Harbor Statement Cautionary Statement Regarding Forward-Looking Statements This document contains forward-looking statements
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA POWER COMPANY DOCKET NO. R Direct Testimony of Kevin M.
Penn Power Statement No. 3 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA POWER COMPANY DOCKET NO. R-016-537355 Direct Testimony of Kevin M. Siedt List of Topics Addressed Sales and Revenue
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION. PENNSYLVANIA ELECTRIC COMPANY Docket No. R Direct Testimony of Richard A.
Penelec Statement No. 2 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA ELECTRIC COMPANY Docket No. R-2016-2537352 Direct Testimony of Richard A. D'Angelo List of Topics Addressed Accounting
More informationMarket Capitalization $727.4 Million
BUY HOLD SELL A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F Annual Dividend Rate BUY BUY RATING SINCE 12/16/2010 TARGET PRICE $51.40 BUSINESS DESCRIPTION Middlesex Water Company, through its subsidiaries,
More informationPA Office of Consumer Advocate s Natural Gas Shopping Guide. December 2007
PA s Natural Gas Shopping Guide December 2007 PA 5 th Floor, Forum Place 555 Walnut Street Harrisburg, PA 17101-1923 (717) 783-5048 email: consumer@paoca.org www.oca.state.pa.us Pennsylvania Consumers
More informationPECO ENERGY COMPANY. Schedules to Accompany. the Direct Testimony. Paul R. Moul, Managing Consultant P. Moul & Associates. Concerning.
PECO ENERGY COMPANY Schedules to Accompany the Direct Testimony of Paul R. Moul, Managing Consultant P. Moul & Associates Concerning Cost of Capital and Fair Rate of Return PECO ENERGY COMPANY Index of
More informationBEFORE THE STATE OF NEW JERSEY BOARD OF PUBLIC UTILITIES OFFICE OF ADMINISTRATIVE LAW
BEFORE THE STATE OF NEW JERSEY BOARD OF PUBLIC UTILITIES OFFICE OF ADMINISTRATIVE LAW IN THE MATTER OF THE ] PETITION OF SHORELANDS ] BPU Docket No. WR000 WATER COMPANY, INC. FOR ] AN INCREASE IN BASE
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION PECO ENERGY COMPANY ELECTRIC DIVISION
PECO ENERGY COMPANY STATEMENT NO. BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY ELECTRIC DIVISION DOCKET NO. R-01-0001 DIRECT TESTIMONY
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION
BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION Pennsylvania Public Utility Commission, : : v. : Docket No. R-2012-2290597 : PPL Electric Utilities Corporation : MAIN BRIEF OF THE OFFICE OF CONSUMER
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION METROPOLITAN EDISON COMPANY DOCKET NO. R
Met-Ed/Penelec/Penn Power/West Penn Statement No. 7 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION METROPOLITAN EDISON COMPANY DOCKET NO. R-2014-2428745 PENNSYLVANIA ELECTRIC COMPANY DOCKET NO. R-2014-2428743
More informationAttachment 1- PECO's Petition
Attachment 1- PECO's Petition BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PETITION OF PECO ENERGY COMPANY FOR APPROVAL OF THREE PROPOSALS DESIGNED TO INCREASE ACCESS TO NATURAL GAS SERVICE DOCKET
More informationRESIDENTS ENERGY PO Box 400, Jamestown, NY
RESIDENTS ENERGY PO Box 400, Jamestown, NY 14702 1-888-828-7374 PENNSYLVANIA - FIXED RATE ELECTRIC CONTRACT SUMMARY This document summarizes the key terms of your contract with Residents Energy, LLC (
More informationAttachment 3 - PECO Statement No. 2 Direct Testimony and Exhibits of Alan B. Cohn
Attachment 3 - PECO Statement No. 2 Direct Testimony and Exhibits of Alan B. Cohn PECO ENERGY COMPANY STATEMENT NO. 2 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PETITION OF PECO ENERGY COMPANY FOR
More informationPA ACT 129 UPDATE THE NEXT GENERATION OF UTILITY ENERGY EFFICIENCY PROGRAMS IN PA
PA ACT 129 UPDATE 1 THE NEXT GENERATION OF UTILITY ENERGY EFFICIENCY PROGRAMS IN PA Schaedler Yesco Act 129 Update Seminar June 19 th, 2013 Wilkes Barre, PA Stephen Moritz: President AllFacilities Energy
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA ELECTRIC COMPANY DOCKET NO. R Direct Testimony of Kevin M.
Penelec Statement No. 3 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA ELECTRIC COMPANY DOCKET NO. R-2016-2537352 Direct Testimony of Kevin M. Siedt List of Topics Addressed Sales and Revenue
More information2011Report on. Universal Service Programs & Collections Performance. Pennsylvania Public Utility Commission. Bureau of Consumer Services
2011Report on Universal Service Programs & Collections Performance Pennsylvania Electric Distribution & Natural Gas Distribution Companies Pennsylvania Public Utility Commission Bureau of Consumer Services
More informationAmerican Water Investor Presentation October 2016
American Water Investor Presentation October 2016 Forward-Looking Statements Certain statements in this presentation including, without limitation, 2016 earnings guidance, the outcome of pending acquisition
More informationEXECUTIVE SUMMARY OF THE ANNUAL REPORT
PENNSYLVANIA OFFICE OF CONSUMER ADVOCATE EXECUTIVE SUMMARY OF THE ANNUAL REPORT FISCAL YEAR 2017-2018 TANYA J. MCCLOSKEY ACTING CONSUMER ADVOCATE 555 WALNUT STREET 5TH FLOOR, FORUM PLACE HARRISBURG, PA
More informationFirstEnergy s Pennsylvania Utilities Rate Plans Will Help Continue Service Reliability Enhancements for Customers
FirstEnergy Corp. For Release: April 28, 2016 2800 Pottsville Pike Reading, Pennsylvania 19612 www.firstenergycorp.com FirstEnergy s Pennsylvania Utilities Rate Plans Will Help Continue Service Reliability
More informationTariff Development I: Basic Ratemaking Process
Tariff Development I: Basic Ratemaking Process Jane Steinhauer Assistant Director of Gas/Water/Sewer Division Indiana Utility Regulatory Commission Municipal Utilities Any city or town that may own, operate,
More informationChampion Energy Services, LLC Pennsylvania Residential Terms of Service and Customer Agreement
Champion Energy Services, LLC Pennsylvania Residential Terms of Service and Customer Agreement The following is your Terms of Service ("Agreement") with Champion Energy Services LLC ("Champion Energy"
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION. PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY ELECTRIC DIVISION
PECO ENERGY COMPANY STATEMENT NO. BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY ELECTRIC DIVISION DOCKET NO. R-0-000 DIRECT TESTIMONY WITNESS:
More informationNational Energy Marketers Association
National Energy Marketers Association Fall Leadership Roundtable Chairman James H. Cawley October 19, 2010 www.puc.state.pa.us Expiration of Rate Caps: The Numbers Tell the Story Generation rate caps have
More informationCreating a Leading National Water Utility
Creating a Leading National Water Utility March 15, 2018 Safe Harbor Statement Forward Looking Statements This document contains forward-looking statements within the meaning of the Private Litigation
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION : : : : : REPLY OF PECO ENERGY COMPANY TO EXCEPTIONS
BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PETITION OF PECO ENERGY COMPANY FOR APPROVAL OF ITS DEFAULT SERVICE PROGRAM FOR THE PERIOD FROM JUNE 1, 2015 THROUGH MAY 31, 2017 : : : : : DOCKET NO.
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION. METROPOLITAN EDISON COMPANY Docket No. PENNSYLVANIA ELECTRIC COMPANY Docket No.
Met-Ed/Penelec/Penn Power/West Penn Statement No. BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION METROPOLITAN EDISON COMPANY Docket No. PENNSYLVANIA ELECTRIC COMPANY Docket No. PENNSYLVANIA POWER COMPANY
More informationIN THE COMMONWEALTH COURT OF PENNSYLVANIA
IN THE COMMONWEALTH COURT OF PENNSYLVANIA Tanya J. McCloskey, : Acting Consumer Advocate, : Petitioner : : v. : : Pennsylvania Public Utility : Commission, : No. 1012 C.D. 2014 Respondent : Argued: June
More informationTrailing PE -- Forward PE -- Hold 13 Analysts. 1-Year Return: -7.6% 5-Year Return: -89.4%
OBSIDIAN ENERGY (-T) Last Close 1.21 (CAD) Avg Daily Vol 202,689 52-Week High 1.85 Trailing PE -- Annual Div -- ROE -12.3% LTG Forecast -- 1-Mo -6.2% October 04 TORONTO Exchange Market Cap 614M 52-Week
More informationFORMULA RATE PLANS: TWO TESTED APPLICATIONS. Ross C. Hemphill RCHemphill Solutions LLC
FORMULA RATE PLANS: TWO TESTED APPLICATIONS Ross C. Hemphill RCHemphill Solutions LLC Presented at National Regulatory Research Institute Webinar: Is It Time for State Utility Commissions to Embrace Multiyear
More informationWeighted Average Cost of Capital
Weighted Average Cost of Capital Establishing a fair return under U.S. law Travis Kavulla President, NARUC Commissioner, State of Montana ERRA Tariff/Pricing Committee Meeting October 19, 2016, Bratislava,
More informationSTATEWIDE EVALUATION TEAM SEMI-ANNUAL REPORT
STATEWIDE EVALUATION TEAM SEMI-ANNUAL REPORT Year 6, Quarters 1 & 2 June 1, 2014 through November 30, 2014 Prepared For: PENNSYLVANIA PUBLIC UTILITY COMMISSION Pennsylvania Act 129 of 2008 Energy Efficiency
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION PECO ENERGY COMPANY ELECTRIC DIVISION
PECO ENERGY COMPANY STATEMENT NO. BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY ELECTRIC DIVISION DOCKET NO. R-0-1 DIRECT TESTIMONY WITNESS:
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION. PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY ELECTRIC DIVISION
PECO ENERGY COMPANY STATEMENT NO. BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY ELECTRIC DIVISION DOCKET NO. R-01-1 DIRECT TESTIMONY WITNESS:
More informationUltra Petroleum Corp.
January 21, 2015 Ultra Petroleum Corp. Current Recommendation Prior Recommendation Neutral Date of Last Change 11/16/2014 Current Price (01/20/15) $13.57 Target Price $12.00 SUMMARY DATA UNDERPERFORM 52-Week
More informationCapitalization Rate Study for Centrally Assessed Properties
for Centrally Assessed Properties as of January 1 st, 2018 Louisiana Tax Commission Public Service Section 1051 North 3 rd Street, 2 nd Floor P. O. Box 66788 Baton Rouge, LA 70896-6788 (225) 219-0339 http://www.latax.state.la.us
More informationMatthew Wurst Aspassia Staevska Patrick Donlon
Tariff Development I: Overview of Rate Regulation and Basic Ratemaking Process Jeremy Hubert November 4, 2013 Matthew Wurst Aspassia Staevska Patrick Donlon General Ratemaking and Regulatory Principles
More informationPennsylvania Gas & Electric Customer Enrollment Form Fixed Electricity Program ~ Non Residential Agreement
Pennsylvania Gas & Electric Customer Enrollment Form Fixed Electricity Program ~ Non Residential Agreement AGREEMENT: This is to confirm that ( Customer ) agrees to purchase its electricity from Pennsylvania
More informationBEFORE THE HOUSE APPROPRIATIONS COMMITTEE. Representative William F. Adolph, Jr., Chairman
BEFORE THE HOUSE APPROPRIATIONS COMMITTEE Representative William F. Adolph, Jr., Chairman Opening Remarks of TANYA J. MCCLOSKEY ACTING CONSUMER ADVOCATE Regarding FISCAL YEAR 2016-2017 BUDGET OFFICE OF
More informationSTATEWIDE EVALUATION TEAM PRELIMINARY ANNUAL REPORT TO THE PENNSYLVANIA PUBLIC UTILITY COMMISSION
STATEWIDE EVALUATION TEAM PRELIMINARY ANNUAL REPORT TO THE PENNSYLVANIA PUBLIC UTILITY COMMISSION Year 5 June 1, 2013 through May 31, 2014 Pennsylvania Act 129 of 2008 Energy Efficiency and Conservation
More informationPPL Corporation 2 nd Quarter Earnings. July 31, 2014
PPL Corporation 2 nd Quarter Earnings July 31, 2014 PPL Corporation 2014 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future operating
More informationRate Base (Schedule 3) $ 488,114. Rate of Return (Schedule 4) 6.74% 7.78% Operating Income Required $ 32,920
AWC Rosebrook Water Computation of Revenue Deficiency For the Test Year Ended September 30, 2017 Actual Proforma Rate Base (Schedule 3) $ 488,114 $ 625,578 Rate of Return (Schedule 4) 6.74% 7.78% Operating
More informationPa. PUC Allows Use of Purchased Receivables in Meeting Gas Supplier Security Requirements
June 17, 2010 Pa. PUC Approves Settlement for Revised PECO Electric POR Program The Pennsylvania PUC has adopted a revised electric Purchase of Receivables program at PECO which will include most, if not
More informationContract and Disclosure Statement Summary Pennsylvania Residential Contract
Contract and Disclosure Statement Summary Pennsylvania Residential Contract Electric Generation Supplier Information: Price Structure: Generation/Supply Price: Statement Regarding Savings: Deposit Requirement
More information2017 First Quarter Earnings Conference Call May 4, 2017 NYSE: AWK
2017 First Quarter Earnings Conference Call May 4, 2017 1 Forward-Looking Statements Ed Vallejo Vice President Investor Relations www.amwater.com 2 Forward-Looking Statements and Other Information Certain
More informationDecember 13, FirstEnergy greatly appreciates the opportunity to provide comments regarding this important and timely issue.
FirstEnergỵ 2569 2800 Pottsville Pike PO. Box 16001 Reading, PA 19612-6001 610-929-3601 Linda R. Evers, Esq. (610) 921-6658 (610) 939-8655 (Fax) VIA OVERNIGHT UNITED PARCEL SERVICE James J. McNulty, Secretary
More informationTrailing PE Forward PE Buy 11 Analysts. 1-Year Return: 3.0% 5-Year Return: -19.7%
ENCANA CORP (-T) Last Close 14.70 (CAD) Avg Daily Vol 3.3M 52-Week High 18.54 Trailing PE 188.1 Annual Div 0.08 ROE 0.7% LTG Forecast 36.4% 1-Mo -7.8% October 12 TORONTO Exchange Market Cap 14.0B 52-Week
More informationONE Gas. Graphic Identity. Page 2
Page 1 Graphic Identity Page 2 Forward-Looking Statements Statements contained in this presentation that include company expectations or predictions should be considered forward-looking statements that
More informationEvercore ISI Utilities CEO Retreat Scottsdale Arizona January 11 & 12, Delivering today for a brighter tomorrow
Evercore ISI Utilities CEO Retreat Scottsdale Arizona January 11 & 12, 2018 Delivering today for a brighter tomorrow Cautionary Statements and Factors That May Affect Future Results Any statements made
More information4th Quarter Earnings Call. PPL Corporation February 4, 2016
4th Quarter Earnings Call PPL Corporation February 4, 2016 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future operating results or other
More information2011 Annual Report. Our Past Has Preserved Our Future
U i f Z p s l X b u f s D p n q b o z 2011 Annual Report Our Past W j t j p o Has Preserved Our Future 2 : 7 Z f b s 2012 Marks the 2 1 1 B o o J W F S T B S Z of the Lake Williams Impounding Dam and Reservoir.
More informationIDT Energy Earnings Lower on Customer Churn, Weather
June 11, 2010 Md. PSC Approves Electric POR Compliance Plans at BGE, Allegheny, Delmarva The Maryland PSC authorized Baltimore Gas & Electric, Delmarva Power & Light, and Allegheny Power to implement electric
More information20% RATE DISCOUNT FOR YOUR FIRST 2 MONTHS! CL&P United Illuminating Locally Produced
CONNECTICUT CONNECTICUT MARKET HISTORY * ED 13% 52,268,772 lbs 3,103,458 57,495,649 CL&P 9.48 8.4 12.00 United Illuminating 10.62 9.2 13.00 20% RATE DISCOUNT FOR YOUR FIRST 2 MONTHS! 1,670 POUNDS BY 19
More informationRe: Rockland Electric Company, Docket No. EL18-111
Margaret Comes Associate Counsel Rockland Electric Company 4 Irving Place, Room 1815-S, New York, NY 10003 Tel.: 212-460-3013 Email: comesm@coned.com May 14, 2018 Hon. Kimberly D. Bose Secretary Federal
More informationCONSOL Energy Inc. (CNX-NYSE)
March 17, 2015 CONSOL Energy Inc. (CNX-NYSE) Current Recommendation NEUTRAL Prior Recommendation Underperform Date of Last Change 08/20/2013 Current Price (03/16/15) $27.02 Target Price $28.00 SUMMARY
More informationConnection. Keystone. Utility News in Pennsylvania. Act 129 s Energy Efficiency and Conservation Plans. Connecting in Pennsylvania ON THE INSIDE
Keystone Connection Utility News in Pennsylvania A newsletter published by the Pennsylvania Public Utility Commission regarding utility news in the telecommunications, energy, transportation and water
More informationUtilities Monthly Natural Gas and Water
Utilities Monthly Natural Gas and Water December 2017 **We recommend this report be viewed/printed in color** Analyst: Spencer E. Joyce, CFA 502.588.8402 // sjoyce@hilliard.com Institutional Sales Desk:
More informationPUBLIC SERVICE COMMISSION OF MARYLAND
USPP Report, Winter 2011-2012 PUBLIC SERVICE COMMISSION OF MARYLAND UTILITY SERVICE PROTECTION PROGRAM ANNUAL REPORT WINTER 2016-2017 Submitted to the Maryland General Assembly Annapolis, Maryland In compliance
More informationDecember 6, Federal Energy Regulatory Commission 888 First Street, N.E. Washington, D.C Attention: Ms. Kimberly D.
December 6, 2018 Federal Energy Regulatory Commission 888 First Street, N.E. Washington, D.C. 20426 Attention: Ms. Kimberly D. Bose, Secretary Re: FERC Form No. 501-G; ; Docket No. RP19- Commissioners:
More informationRATE MAP-P MODERNIZATION ACTION PLAN - PRICING
d/b/a Ameren Illinois 1 st Revised Sheet No. 16 Electric Service Schedule Ill. C. C. No. 1 (Canceling Original Sheet No. 16) APPLICABILITY This tariff is applicable to all Customers. PURPOSE The purpose
More information2 nd Quarter Earnings Call Tuesday, August 7, 2018
Delivering today for a brighter tomorrow 2 nd Quarter Earnings Call Tuesday, August 7, 2018 P PPL Corporation 2018 1 Cautionary Statements and Factors That May Affect Future Results Any statements made
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION PECO ENERGY COMPANY ELECTRIC DIVISION
PECO ENERGY COMPANY STATEMENT NO. BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PENNSYLVANIA PUBLIC UTILITY COMMISSION v. PECO ENERGY COMPANY ELECTRIC DIVISION DOCKET NO. R-0-1 DIRECT TESTIMONY WITNESS:
More informationRULES AND REGULATIONS Title 52 PUBLIC UTILITIES
RULES AND REGULATIONS Title 52 PUBLIC UTILITIES PENNSYLVANIA PUBLIC UTILITY COMMISSION [52 PA. CODE CHS. 65 AND 69] [L-930089] Line Extensions The Pennsylvania Public Utility Commission (Commission) on
More informationMatthew F. Hilzinger Chief Financial Officer
Matthew F. Hilzinger Chief Financial Officer Morgan Stanley Global Electricity & Energy Conference April 3, 2008 Forward-Looking Statements This presentation includes forward-looking statements within
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION
PECO ENERGY COMPANY STATEMENT NO. 2-R BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION PETITION OF PECO ENERGY COMPANY FOR APPROVAL OF ITS DEFAULT SERVICE PROGRAM FOR THE PERIOD FROM JUNE 1, 2015 THROUGH
More information3 rd Quarter Earnings Call Thursday, November 1, 2018
Delivering today for a brighter tomorrow 3 rd Quarter Earnings Call Thursday, November 1, 2018 P PPL Corporation 2018 1 Cautionary Statements and Factors That May Affect Future Results Any statements made
More informationHudson City Bancorp, Inc.
March 20, 2015 Hudson City Bancorp, Inc. Current Recommendation SUMMARY DATA NEUTRAL Prior Recommendation Outperform Date of Last Change 03/20/2015 Current Price (03/19/15) $10.31 Target Price $11.00 52-Week
More informationBEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION JUN
^1 BEFORE THE PENNSYLVANIA PUBLIC UTILITY COMMISSION JUN - 8 2010 INDEPENDENT REGULATORY REVIEW COMMISSION Implementation of Act 129 of October 15, : Docket No. L-2009-2095&U4 " 2008; Default Service I.
More informationPERFORMANCE EVALUATION PLAN RATE SCHEDULE PEP-5A
1 of 31 January 1, 2015 January 9, 2009 APPLICABILITY This Rate Schedule is the formula by which the retail revenue requirements of Mississippi Power Company (MPC or the Company) shall be calculated and
More informationPPL Corporation 3 rd Quarter Earnings. November 4, 2014
PPL Corporation 3 rd Quarter Earnings November 4, 2014 PPL Corporation 2014 Cautionary Statements and Factors That May Affect Future Results Any statements made in this presentation about future operating
More informationSuperseding Sheet No. 96 REVISED SHEET NO. 96 Effective May 4, 2012 Effective June 1, 2013
Superseding Sheet No. 96 REVISED SHEET NO. 96 Effective May 4, 2012 Effective June 1, 2013 RATE ADJUSTMENT MECHANISM PROVISION Rate Adjustment Mechanism ( RAM ) Provision Purpose This mechanism is subject
More informationNatural Gas. Universal Service Task Force. Annual Report
Natural Gas Universal Service Task Force Annual Report December 2001 TABLE OF CONTENTS I. Executive Summary... Page 3 II. Introduction... Page 5 III. Recommendation... Page 6 IV. Universal Service Task
More informationA JASM. Aqua Pennsylvania, Inc. and Aqua Pennsylvania Wastewater, Inc. Tax Cuts and Jobs Act of 2017 Docket No. M-2018~2641^42
A JASM RECEIVED MAR 9 2018 PA PUBLIC UTILITY COMMISSION SECRETARY'S BUREAU VIA FEDERAL EXPRESS March 9, 2018 Rosemary Chiavetta, Secretary Pennsylvania Public Utility Commission f 400 North Street Harrisburg,
More informationA CAPITAL MARKETS PERSPECTIVE ON NEW JERSEY S REGULATORY CLIMATE & THE IMPLIMENTATION OF A DISTRIBUTION SYSTEM IMPROVEMENT CHARGE (DSIC)
DSIC COMMENTS Docket No. WO10090655 A CAPITAL MARKETS PERSPECTIVE ON NEW JERSEY S REGULATORY CLIMATE & THE IMPLIMENTATION OF A DISTRIBUTION SYSTEM IMPROVEMENT CHARGE (DSIC) December 8, 2010 Heike M. Doerr
More informationMerger Plus. Robert S. Shapard Executive Vice President & CFO UBS Natural Gas & Electric Utilities Conference New York City February 17, 2005
Merger Plus Robert S. Shapard Executive Vice President & CFO UBS Natural Gas & Electric Utilities Conference New York City February 17, 2005 Safe Harbor Language This presentation includes forward-looking
More informationFortisBC Inc. (FBC) and FortisBC Energy Inc. (FEI) Applications for Approval of a Multi-Year Performance Based Ratemaking Plan for 2014 through 2018
C2-14 FORTISBC ENERGY INC. (FEI) AND FORTISBC INC. (FBC) INFORMATION REQUEST NO.1 ON INTERVENER EVIDENCE TO CANADIAN OFFICE AND PROFESSIONAl EMPLOYEES' UNION, LOCAL 378 FortisBC Inc. (FBC) and FortisBC
More information